Mixed-use report

518 S 3rd St

2 stories · 2,682 sqft · CMX3 · built 1900

Absentee individual · assessed $633K · sold 1×. On the 500 block of S 3rd St.

Street view of 518 S 3rd St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

"Built 1900" is usually a placeholder

Why it matters

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

View supporting records →

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1900: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

If you’re the landlord

No active rental license on file

If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$633K
built 1900
Price / sq ft
$236
block $444 · below block
Appreciation
+6%
+1%/yr, city 6.5%
In 5 years (~2031)
~$633K
+1%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$9K
1.4% effective
Gross yield
4.6%
≈$2K/mo rent
Times sold
1

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$1.0M$2.0MBefore this chart — 2014: Addition 2014: Mechanical 2014: Plumbing 2014: L&I violation 2014: Appeal filed 2014: Administrative 2014: Electrical 2014: Suppression2016: Inspection passed2023: L&I violation 2023: Inspection failed2025: Inspection passed$633K201620222027
This houseBlock median & rangeL&I violationPermitInspection

The paper trail

Owner pulled a suppression permit in 2014.

  1. 2014 AdditionPermitMechanicalPermitPlumbingPermitL&I violationL&IAppeal filedZoningAdministrativePermitElectricalPermitSuppressionPermit
  2. 2016 Inspection passedL&I visit
  3. 2023 L&I violationL&IInspection failedL&I visit
  4. 2025 Inspection passedL&I visit

Flags: 3 zoning/board appeals on record. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Stories
2
Interior
2,682 sqft
livable area
Lot
1,288 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
C
assessor's grade
Zoning
CMX3
city zoning code
Zoning appeals
3
on record

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Where the record looks off

Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.

"Built 1900" is usually a placeholder

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

Run the numbers

What owning 518 S 3rd St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$633K
20%
6.875%
$2K/mo

When this house last sold (2012) a 30-year mortgage ran about 3.66% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

518 S 3rd St sits on the 500 block of S 3rd St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 516 S 3rd St  ·  520-22 S 3rd St

Where this comes from

Methodology & freshness

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)